Category Archive: Finance, No picture
Bearish NZD/USD Trend Continues To Materialize On Dovish RBNZ
NEW ZEALAND DOLLAR TALKING POINTS NZD/USD tumbles to fresh 2018 lows as the Reserve Bank of New Zealand (RBNZ) casts a dovish outlook for monetary policy, and the exchange rate stands at risk of extending the decline from the earlier this year as it snaps the range-bound price action carried over from the previous month. BEARISH […]
Update On Owens & Minor Inc.: An Undervalued Speculation Or A Value Trap?
Introduction Owens & Minor Inc. reported earnings yesterday and simultaneously revised their 2018 earnings outlook lower. As fate would have it, I produced an article and a video where I highlighted 12 undervalued dividend growth research candidates which included Owens & Minor. When I produced the video, the FAST Graph fundamentals analyzer software tool was […]
E Forex Analysis Of USD/JPY For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and it opened at 111.369 and the USD/JPY pair went high at 111.430 and gone low 110.829 and finally closed at 110.976. The calculated pivot point for the day is 111.278. The difference between high and low was nearly 0.601 […]
E Raising Money In Canada
News that venerable US blue-chip AT&T plans to raise money in Canadian markets has led me to look into Mounty preferreds. Canada specializes in floating rate and rate-reset preferred shares which shelter buyers from the impact of higher interest rates. FR preferreds payouts rapidly move with overnight interest (or prime) rate as set by the Bank of […]
What Next After The Recent GBP/USD Sell-Off?
In June 2014, the GBP/USD pair reached a high of 1.7185. After that, the pair started moving down, with the descend accelerating in June 2016 after the Brexit vote. Yesterday, the pair continued to move lower, reaching a low of 1.2840, the lowest level since August last year. The current descent is because of the […]
E Forex Analysis Of GBP/USD For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and the GBP/USD pair opened at 1.29379 and went high at 1.29592 and gone to low at 1.28531 and finally closed at 1.28817. The calculated pivot point for the day is 1.28959. The difference between high and low was nearly […]
E Markets: Idiosyncratic
A spate of earthquakes around the South China Sea from Indonesia, Taiwan and Philippines puts us on Tsunami alert but nothing happens and its all explained away as aftershocks from this weekend’s tragedy. For markets we see similar warnings, the quakes in TRY, NZD and RUB all look important but are explained away today as idiosyncratic. Those […]
E Forex Analysis Of EUR/USD For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and the EUR/USD pair opened at 1.15973 and went high at 1.16274 and gone to low at 1.15722 and finally closed at 1.16089. The calculated pivot point for the day is 1.16028. The difference between high and low was 55 […]
USDCAD Daily Analysis – Thursday, August 9
USDCAD dropped sharply from 1.3119 after breaking above 1.3096 resistance, suggesting that the pair remains in the downtrend from 1.3289. Deeper decline to test 1.2961 support is possible and a breakdown below this level could trigger further downside movement towards 1.2850. Resistance is now at 1.3119, only a break of this level could take the […]
Kiwi Slumps After A Dovish Statement By Reserve Bank Of New Zealand
The New Zealand dollar – also known as the kiwi- nosedived today after the Reserve Bank of New Zealand (RBNZ) released its monetary policy decision. In the decision, the bank left interest rates unchanged, which was expected. The lower movements of the kiwi were because of the bank’s statement that the low interests would remain […]
